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CRH PLC

Volume 147 · 147 F.T.C. 889

Citation
147 F.T.C. 889
Docket
9335
Complaint
2009-01-14
Decision
2009-01-29
Document type
dismissal
Case type
antitrust
Statutes
Clayton Act s7; FTC Act (section 5); Hart-Scott-Rodino
Industry
building materials
Outcome
dismissed
Source
Original volume PDF
Original PDF
This decision as a PDF

merger acquisition

Cite this decision

CRH PLC, 147 F.T.C. 889 (2009). Consumer Law Library, https://consumerlawlibrary.org/decisions/v147-0023

Report an error in this record (decision id v147-0023)

Order status: unknown. Sunset may be extended by the latest qualifying federal-court complaint alleging an order violation; complaints, dismissal/appeal outcomes, and respondent-specific extensions are not fully tracked.

Cited by 0 later FTC decisions

Cites

Text (OCR of the scan at left; may contain errors)

IN THE MATTER OF CRH PLC, OLDCASTLE, INC., OLDCASTLE ARCHITECTURAL, INC., ROBERT SCHLEGEL, AND PAVESTONE COMPANY, LP Docket No. 9335 Order, January 29, 2009 Order granting complaint counsel’s and respondents’ joint motion to dismiss the complaint.

ORDER DISMISSING COMPLAINT On January 14, 2009, the Federal Trade Commission issued the Administrative Complaint in this matter, having reason to believe that Respondents CRH plc (“CRH”), Oldcastle, Inc. (wholly owned by CRH), and Oldcastle Architectural, Inc. (an indirect subsidiary of CRH) -- and Robert Schlegel and Pavestone Company, LP (collectively, “Pavestone”) -- had entered into an acquisition agreement which, if consummated, would violate Section 7 of the Clayton Act, as amended, 15 U.S.C. § 18, and Section 5 of the Federal Trade Commission Act, as amended, 15 U.S.C. § 45. Complaint Counsel and the Respondents have now filed a Joint Motion to Dismiss Complaint, which states that the Respondents have decided not to proceed with the proposed acquisition by Oldcastle Architectural, Inc. of the Pavestone companies -- and that CRH has withdrawn its Hart-Scott-Rodino Notification and Report Forms filed for the proposed transaction -- and requests that the Commission dismiss the complaint.1 1 Joint Motion to Dismiss Complaint (January 15, 2009) (“Joint Motion”), available on the Adjudicative Proceedings page for this case at http://www.ftc.gov/os/adjpro/d9335/index.shtm. VOLUME 146 Interlocutory Orders, Etc.

The Commission has determined to dismiss the Administrative Complaint without prejudice as the most important elements of the relief set out in the Notice of Contemplated Relief in the Administrative Complaint have been accomplished without the need for further administrative litigation.2 In particular, the Respondents have announced that they have decided not to proceed with the proposed acquisition, and CRH has withdrawn its Hart-Scott-Rodino Notification and Report Forms filed for the proposed transaction. As a consequence, the Respondents would not be able to effect the proposed transaction without filing new Hart-Scott-Rodino Notification and Report Forms.

For the foregoing reasons, the Commission has determined that the public interest warrants dismissal of the Administrative Complaint in this matter. The Commission has determined to do so without prejudice, however, because it is not reaching a decision on the merits. Accordingly, 2 See In the Matter of Inova Health System Foundation, and Prince William Health System, Inc., Docket No. 9326, Order Dismissing Complaint (June 17, 2008), available at http://www.ftc.gov/os/adjpro/d9326/080617orderdismiss cmpt.pdf; accord, In the Matter of Red Sky Holdings LP, and Newpark Resources, Inc., Docket No. 9333, Order Dismissing Complaint (December 10, 2008), available at http://www.ftc.gov/os/adjpro/d9333/081210redskycmpt.pdf; In the Matter of Equitable Resources, Inc., Dominion Resources, Inc., Consolidated Natural Gas Company, and The Peoples Natural Gas Company, Docket No. 9322, Order Dismissing Complaint (January 31, 2008) (Public Version), available at http://www.ftc.gov/os/adjpro/d9322/080204complaint.pdf; In the Matter of Swedish Match North America Inc., and National Tobacco Company, L.P., Docket No. 9296 (Swedish Match), Order Dismissing Complaint (January 4, 2001), available at http://www.ftc.gov/os/2001/01/swedishdismisscmp.htm; In the Matter of H.J. Heinz Company, Milnot Holding Corporation, and Madison Dearborn Capital Partners, L.P., Docket No. 9295 (H.J. Heinz), Order Dismissing Complaint (December 4, 2001), available at http://www.ftc.gov/os/2001/12/ heinzorder.pdf.

891 CRH PLC Interlocutory Orders, Etc.

IT IS ORDERED THAT the Administrative Complaint in this matter be, and it hereby is, dismissed without prejudice. By the Commission.

VOLUME 147 Interlocutory Orders, Etc.

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